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This is a common special type of Flat. Here the B wave is extended and goes beyond the (orthodox) endof the previous impulsive wave. The strength of the B wave shows that the market wants to go in thedirection of B. Often a strong acceleration will take place, which starts a third wave or an extended fifth. Ifthe C wave is much longer then A, the strength will be less.
Rules and guidelines
• It is composed of 3 waves.• Wave C is an impulse, waves A and B are corrective.• Wave B retraces beyond the end of the previous impulse, which is the start of wave A.The C wave normally is much longer then A.
In which wave
This corrective pattern can happen in 2, 4, B and X. If it happens in 2 and C is relatively short, normally anacceleration in the third will take place.
It is composed of five waves, which have an internal structure of 3-3-5.